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Jun 30, 2022
Expensify Q2 2022 Earnings Report
Expensify reported its strongest quarter for paid member growth, with year-over-year interchange growth from the Expensify Card of 142% and positive operating cash flow of $27.2 million.
Key Takeaways
Expensify's Q2 2022 results showed a 22% increase in revenue compared to the same period last year, driven by subscription revenue and Expensify Card interchange. The company experienced positive operating cash flows of $27.2 million and an increase in paid members.
Revenue increased by 22% compared to the same period last year, reaching $43.2 million.
Interchange from the Expensify Card grew by 142% year-over-year, with a 40% sequential quarterly growth.
The company saw positive operating cash flows of $27.2 million.
Paid member count has fully rebounded and currently exceeds pre-pandemic levels, reaching 754,000.
Forward Guidance
Expensify reaffirms its long-term guidance of 25-35% revenue growth over a multi-year period. Stock-based compensation is estimated for the rest of the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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